Use the following information to compute net income and comprehensive income. For simplicity, ignore income taxes. Income
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Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . $11,000
Unrealized loss on available-for-sale securities . . . . . . . . . . . . . . . . (2,100)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700
Extraordinary loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,000)
Foreign currency translation adjustment (equity increase) . . . . . . . . 1,250
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Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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